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3 years ago

Which of the following is defined as an unplanned event that results in damage to property? Hazard, injury, accident, violation

Business

1 answer:

Zina [86]3 years ago

4 0

Answer:

violation/accident.

Explanation:

Its violation because its a violation to the property, but you also can use accident because it mean a situation not done on purpose or something unexpected which will cause damage or injury.

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the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the go

Greeley [361]

Answer:

Cullumber Company

Journal Entry:

Debit Loss on Goodwill Impairment $34,200

Credit Goodwill $34,200

To record the loss on goodwill impairment.

Explanation:

a) Data and Calculation:

Fair value = $820,800

Carrying value of net identifiable assets, including goodwill = $855,000

Goodwill impairment = $34,200 ($855,000 - $820,800)

b) Cullumber, which acquired Blossom is expected to check for the impairment of goodwill yearly. The impairment occurs when the carrying value of the net identifiable assets of Blossom is more than the fair value of Blossom. Generally Accepted Accounting Standards require the annual review of the fair value of goodwill to check for its impairment. By the above entry, the goodwill will be reduced by $34,200 and a loss debited in Cullumber's accounts.

4 0

3 years ago

Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account

Arte-miy333 [17]

Answer:

d. $394,767

Explanation:

For computing the amount of deposit at the end we need to apply the future value formula i.e to be shown in the attachment

Given that,

Present value = $0

Rate of interest = 7.5% ÷ 12 months = 0.625%

NPER = 25 years × 12 months = 300 months

PMT = $450

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after applying the above formula, the future value is $394,767

8 0

2 years ago

Jimmy corporation uses the weighted-average method in its process costing system. the ending work in process inventory consists

dimaraw [331]

Weighted-average method

Materials Labor and Overhead

Ending work in process:

Materials: 20,000 units × 100% 20,000

Conversion: 20,000 units × 70% 14,000

Equivalent units of production in ending work in process 20,000 14,000

Materials Labor and Overhead Total

Ending work in process inventory:

Equivalent units of production (a) 20,000 14,000

Cost per equivalent unit (b) $3.20 $2.00

Cost of ending work in process inventory (a) × (b) $64,000 $28,000

$92,000

6 0

3 years ago

What is your intended major? discuss how your interest in the subject developed and describe any experience you have had in the

Mashutka [201]

This question is mostly based on your personal opinion and experience, so I don't think that I'll be able to help you with this question.

3 0

3 years ago

Managers need to understand how information flows within the organization, how their organization interacts with other organizat

Alexus [3.1K]

The answer to this question is False:)

8 0

2 years ago